Hydro-Québec will be able to export its hydroelectricity to the huge Big Apple market. New York authorities today approved the agreement.
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Energy Minister Jonatan Julien made the announcement today on his Twitter account.
“A major milestone in this project has now been completed. I congratulate the teams of Hydro-Québec and QuebecNewYork,” he wrote.
As for her, the governor of the state of New York, Kathy Hochul, speaks of a “historic agreement” and mentions that this agreement is part of the initiatives to make this region zero emissions by 2040.
The 25-year agreement will generate potential revenues of nearly US$30 billion for the state-owned company during this period.
More details will follow…
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